Comparing Falcon Point Capital's Q3 & Q4 2020 13F Holdings: Winners and Losers

Falcon Point Capital's third and fourth-quarter 13F filings offer a glimpse into the fund’s buying and selling activities. This blog post examines how the fund's portfolio changed over the two quarters by comparing the holdings contained in both 13F filings. Were there any notable changes in shares held, value, or percentages across the positions held? What stocks were winners and losers? This analysis takes a deeper look into the fund's moves and possible strategy behind them.

In the third quarter, Falcon Point Capital held three positions: CoStar Group, Inc. (CSGP), Ringcentral Inc. (RNG), and Taiwan Semiconductor ADR (TSM). However, for the fourth-quarter holdings, the fund added several new positions to the mix. These included Dynatrace Inc. (DT), Agnico-Eagle Mines Limited (AEM), and Caesars Entertainment Corporation (CZR), among others. In contrast, stocks such as Limelight Networks Inc (EGIO), Livongo Health Inc. (LVGO), and Netflix Inc. (NFLX) were sold off entirely.

The fund's top three holdings in terms of value remained unchanged over the two quarters: CoStar Group, Taiwan Semiconductor, and Ringcentral Inc. However, there were changes in the number of shares held by the fund; TSM saw an increase from 2862 to 3133 shares, while both CSGP and RNG decreased 17 shares and 773 shares, respectively. Besides these top holdings, the fund made significant moves with new purchases of 4500 and 6600 shares in Dycom Industries (DY) and Pan American Silver Corp (PAAS.TO), respectively.

Looking at the gains and losses, Northern Technologies (NTIC) was one of the biggest gainers, with shares increasing from zero to 28519. Other stocks that increased significantly in shares included NeoGames S.A. (NGMS) and DR Horton Inc. (DHI). On the other hand, notable losers included Alibaba Group (BABA), with a 100% decrease in shares held, and Nvidia Corp. (NVDA),,which saw a decrease of nearly 30% compared to the previous quarter.

Overall, Falcon Point Capital's Q3 and Q4 13F filings show some interesting moves, with the fund increasing its position in several stocks while exiting some fully. What will happen in the subsequent quarters is anyone's guess, but these filings could offer useful insight for investors interested in following in their footsteps.